28 Sep Prinsjesdag 2024
About Prinsjesdag
The third Tuesday in September is traditionally known as Prinsjesdag in the Netherlands. On Prinsjesdag, or Budget Day as it is known in many countries, King Willem-Alexander gives the Speech from the Throne. This speech sums up the state of the nation and outlines the government's plans for the coming year. After the Speech, the Minister of Finance presents the chair of the House of Representatives with the National Budget (Rijksbegroting) and the Budget Memorandum (Miljoenennota). These documents describe how the government will carry out its plans, and how much budget is allotted to each plan.
Why Prinsjesdag matters to businesses
Preparation is essential when doing business. The plans announced on Prinsjesdag usually come into effect on 1 January. So businesses have just over 3 months to consider the upcoming changes and adjust their plans and forecasts. Changing tax benefits, incentives, excise duties, and other new measures have a varied impact depending on your situation. The sooner you know what to expect for your business, the sooner you can act.
Some of the changes announced during Prinsjesdag
- SME profit exemption reduced to 12.7% in 2025
- Deduction of donations from corporate income tax discontinued in 2025
- Income tax brackets and rates to change
- 30% ruling: compensation for expats down to 27%
- Heavy goods vehicle charge on trucks over 3,500 kg
More English-language information about the tradition of Prinsjesdag is available on Government.nl. And the official Prinsjesdag documents are published on Rijksoverheid.nl. These are in Dutch.
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